Good morning. This is Chris Bilton.
The government is set to announce more "nation-building projects" tomorrow, and sources told CBC News what's expected to be on the list. More on that below, along with the impact of declining international visits to the U.S. — including from Canadians — and a look at Trump's messaging around affordability.
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New nation-building projects to include mines, LNG, Iqaluit hydro: sources
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(Stephen MacGillivray/The Canadian Press)
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The latest: Prime Minister Mark Carney is set to announce a second set of "nation-building projects," including at least two focused on critical mineral extraction, one for exporting liquefied natural gas (LNG) and at least one transmission project, sources told CBC News.
The details: The list has not been officially announced and could change, but the sources said there will be a total of six projects, including:
The context: The federal government announced the first tranche in September. Being on the list is meant to help spur private investment and clear red tape for projects facing regulatory hurdles. Carney is expected to make the second announcement in Prince Rupert, B.C., tomorrow.
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U.S. tourism faces $5.7B US loss as Canadians continue to stay home
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(Rob Gurdebeke/The Canadian Press)
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Many Canadians still aren't travelling to the U.S., and it's costing the country.
What's happening: The U.S. is set to see a 3.2 per cent decline in international tourism spending this year — a $5.7-billion US loss over last year — according to the U.S. Travel Association. Much of that was attributed to the decline of Canadian visitors, who traditionally make up the largest group of international tourists.
Why it matters: Experts say the loss in tourism dollars threatens thousands of jobs. U.S. President Donald Trump said last month that the tourism problem "will get worked out," before the relationship between the two countries became contentious again in recent weeks. Meanwhile, a new poll suggests a majority of Canadians remain uncomfortable with travelling to the U.S. this winter.
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The cost of living is rising in the U.S., as Trump keeps insisting prices are down
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(Manuel Balce Ceneta/The Associated Press)
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Prices for many household items in the U.S. are still rising, and American voters are telling pollsters they're feeling the economic pinch. Yet President Donald Trump is pushing back — not only against the notion his tariffs are in any way contributing to inflation, but even against the fact that costs are going up.
The numbers: Trump said last Thursday: "Our energy costs are way down. Our groceries are way down. Everything is way down and the press doesn't report it." But the latest consumer price index figures (for September) put the price of groceries 2.7 per cent higher than in the same month of 2024, and up 1.4 per cent from January, when Trump was sworn in. Those same statistics show prices up year over year in nearly every category of household purchases.
The response: Over the past few days, Trump has reacted to the affordability issue by floating the ideas of allowing 50-year mortgages and giving citizens $2,000 dividend cheques from tariff revenue.
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IN LIGHTER NEWS
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Thunderbird eggs returned to their 'nest' at Kettle and Stony Point First Nation
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(Candace Maracle/CBC)
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